Subsidiaries, associates
and other ownership interests
(as at 31 January 2012)

The structure and number of companies in the Telefónica Czech Republic Group changed in 2011 from the situation described in the 2010 Annual Report and the 2011 Half-year Report. Below are the changes that occurred in the reported period:

• The subsidiary company Telefónica O2 Slovakia, s.r.o., changed its name in connection with the change of the name of the parent company, and with effect from 10 May 2011 became registered under the company name of Telefónica Slovakia, s.r.o.;
• In June 2011, the Board of Directors approved the plan to transform the subsidiary company Telefónica O2 Business Solutions, spol. s r.o., by demerger which resulted in a spin-off of some assets of the demerged company into a newly incorporated subsidiary Internethome, s.r.o.;
• The newly incorporated subsidiary company Internethome, s.r.o., was registered in the Commercial Register on 1 October 2011, with the registered business of provision of electronic communication services;
• On 16 December 2011, the Board of Directors decided to incorporate a new subsidiary company Informační linky, a.s., which was founded by way of a contribution of a part of the assets of the organisation unit Information and Assistance Services, which operates directory and assistance services on the numbers 1180, 1181 and 1188; the company was incorporated as of 1 January 2012 by registration in the Commercial Register by the Commercial Court.